Filing Flows › M&T Bank (MTB) › Q4 2025
M&T Bank (MTB) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 18, 2026
M&T Bank (MTB) reported revenue of $2.5B for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and -2% from the quarter before. Operating margin was 39.2%, net earnings $759M (30.7% of revenue).
M&T Bank, Q4 2025: revenue $2.5B (+4% year over year), operating margin 39.2%, net earnings $759M, operating cash flow $523M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5B | -2% | +4% |
| Operating profit | $971M | -5% | +10% |
| Net earnings | $759M | -4% | +11% |
| Operating cash flow | $523M | -48% | -69% |
What changed
Revenue was $2.5B in Q4 2025, up 4% year over year and down 2% from the previous quarter.
Operating profit was $1.0B, a 39.2% margin (up 2.3 points year over year). Of the extra revenue versus a year earlier, 99% reached operating profit, above the 37% margin then. Total costs grew 0% against revenue growth of 4%. Net earnings were $0.76B, up 11% year over year. The effective tax rate was 21.8%.
Operating cash flow was $0.52B (down 69% year over year), 69% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization. Working capital and other items used $0.32B.
Questions
What was M&T Bank's revenue in the fourth quarter 2025?
M&T Bank (MTB) reported revenue of $2.5B for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and -2% from the quarter before.
Was M&T Bank profitable in the fourth quarter 2025?
Operating profit was $971M (39.2% of revenue) and net earnings $759M.
Source: M&T Bank 10-K on SEC EDGAR.